Intercont (Cayman) Limited Announces Effective Time of Share Consolidation/Reverse Share Splitto Regain NASDAQ Compliance
Intercont (Cayman) Limited announced a 25-for-1 reverse share split of its ordinary shares, effective as of September 17, 2026, undertaken to regain compliance with Nasdaq's minimum $1.00 bid price requirement under Marketplace Rule 5550(a)(2).
Why it matters — NCT watchers would care because this corporate action is intended to restore the company's listing compliance on Nasdaq.